Since there is almost zero money being earned by savers and seniors, there is less money to spend. Velocity of money in circulation is near record low levels. That explains why retail business is suffering along with Walmart.
Since there is almost zero money being earned by savers and seniors, there is less money to spend. Velocity of money in circulation is near record low levels. That explains why retail business is suffering along with Walmart.
Yes. Velocity is very low and no amount of printing dineros can raise it. This and the massive unemployment are the key indicators of widespread economic depression conditions. ( My banker talked and talked trying to get me to open a savings account for some funds in checking. That I’d make much more interest. So finally I took the bait and asked how much more. I think it was 0.06 percent instead of 0.05 percent. A total farce, this administration has our nation’s economics so screwed up it makes one wonder if - rather than when - we can recover? )